| Death Benefit |
- 100% Sum Assured paid as lump sum immediately
- Monthly payment of 1.75% of Sum Assured for a period of 60 months commencing from next monthly policy anniversary. |
| Maturity Benefits |
No |
| Income Tax Benefits |
Premiums paid: Tax Benefits under section 80C of the Income Tax Act; Death Benefit: Tax Benefits under section 10(10D) of the Income Tax Act |
| Single Premium Option |
Yes |
| Cover Increment |
50 percent or maximum of 50 lakh of death benefit upon marriage, 25 percent or maximum of 25 lakh of death benefit upon 1st child and 2nd child each |
| Payout form of Death Benefit |
for 10 years |
| Additional Benefits |
Inbuilt Accidental Death Benefit, Inbuilt Terminal Illness Benefit |
| Premium Payment Frequency |
Monthly & Annually |
| Exclusions |
Suicide: Suicide in the First Year, Sexually transmitted diseases |
Eligibility
| Minimum Entry Age |
21 Years |
| Maximum Entry Age |
60 Years |
| Maximum Maturity Age |
65 Years |
| Policy Term (Years) |
Minimum - 5 years; Maximum: 65 years minus higher of the entry age of two lives. |
| Premium Paying Term |
Equal to policy term |
| Sum Assured |
Minimum - Rs. 25 lakh; Maximum - No Limit |
Riders
This rider covers the following 4 critical illness conditions:
- Cancer
- Coronary Artery Bypass Surgery
- Heart Attack
- Stroke
If any of the two lives get diagnosed with any of these four critical illnesses, future premiums payable under the base plan are waived while the life cover continues.